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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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May 16, 2013
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the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, ke
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman...
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May 17, 2013
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paul ryan was their deficit guy, and that deficit argument, that the deficit was too big, one of their main arguments against re-elected president obama. >>> we have just received the new estimate of what the deficit is going to be by the end of this year. this is what the deficit had been up through last year, so 2009. that's president obama's first year, 2010, 2011, 2012. now show the next year. this is what they had projected the deficit would be by the end of this year. but now that estimate has been revised. they have revised the projected deficit for this year, and as of now, this is what the new deficit -- we have that slide whistle. we have never used it before. are you kidding me? the opportunity cost. anyway. as of now, this is what the new estimate of what the deficit will be by the end of this year. as you can see, this means that the deficit has shrunk by about $800 billion. since president obama has been in office. this is the fastest deficit reduction we have had as a country since world war ii. and honestly, that's kind of terrible. it's kind of terrible to the extent t
paul ryan was their deficit guy, and that deficit argument, that the deficit was too big, one of their main arguments against re-elected president obama. >>> we have just received the new estimate of what the deficit is going to be by the end of this year. this is what the deficit had been up through last year, so 2009. that's president obama's first year, 2010, 2011, 2012. now show the next year. this is what they had projected the deficit would be by the end of this year. but now...
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May 15, 2013
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in this fiscal year, $200 billion lower the deficit's going to be than a couple of months ago and by 2015, we'll be talking about deficits in the realm of $300 billion and in the face of this, with millions of people still unemployed, with the unemployment rates up over 7%, we're not doing more to get people back to work. and we're still focused on deficit reduction when we see that even projecting out over several years, it's even a conservative economist, no one would argue these levels of debt that we're seeing in 2015 now are not at a sustainable level. >> is there a way for the obama administration to try to steal some of the attention away from the irs, benghazi? benghazi's not as topical because of what's coming forward about the irs. >> i wish the case for the sort of deficit hawk hysteria had anything to do with facts. we just saw one of the major papers that was brought up at a rationale for his obsession for cutting the deficit and the debt. we saw that disproved. so unfortunately, this has always been about a radical agenda. today, this afternoon, house republicans are go
in this fiscal year, $200 billion lower the deficit's going to be than a couple of months ago and by 2015, we'll be talking about deficits in the realm of $300 billion and in the face of this, with millions of people still unemployed, with the unemployment rates up over 7%, we're not doing more to get people back to work. and we're still focused on deficit reduction when we see that even projecting out over several years, it's even a conservative economist, no one would argue these levels of...
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May 14, 2013
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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May 14, 2013
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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May 15, 2013
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we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i would also say be careful what you wish for. the specter of a three year lame-duck president does not look that great internationally. i do worry about that angle. >> i am not too worried about what is happening internationally. i think they will basically be just slightly by over the next couple years. it is the economy here that i am worried about. with gridlock, look at what we have been able to get done. the president realizes
we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse....
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May 15, 2013
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there is no real evidence they want to reduce the deficit. they continue to preach austerity even though it's hurt our economic growth. contemporary politics around the world show that. so the budget deficit's come down partly because we have cut a lot of spending. in some cases as you look around now, far too much spending in some cases but the main reason is economic growth. and our view all along has been if you focus on jobs the deficit comes down. look at what happened in the 1990s, 21 million private sector job net increase. we had the biggest budget surplus in american history. those are not coincidental. those are related. more people working. more people paying taxes. fewer people on food stamps or unemployment benefits. >> meanwhile, republicans continue to preach and act as if the number 1 problem facing this country is the size of the debt and the size of the deficit. right? >> spending. >> spending. >> and, you know, it's really what they really mean is cutting any social programs or cutting programs to help the poor and the midd
there is no real evidence they want to reduce the deficit. they continue to preach austerity even though it's hurt our economic growth. contemporary politics around the world show that. so the budget deficit's come down partly because we have cut a lot of spending. in some cases as you look around now, far too much spending in some cases but the main reason is economic growth. and our view all along has been if you focus on jobs the deficit comes down. look at what happened in the 1990s, 21...
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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May 19, 2013
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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>> we need to be careful tempt federal level washington is a mess in terms of the deficit. so you have to ask tough questions. we do need to make better investments in infrastructure, and michigan's roads are one of the things we need to invest more money in, but the way i look at it, we can afford to do it and we want to do it in a smart way. so i wish the federal government would say, instead of taking money from consumers, give us choices and we'll put those investments to smart use. >> neil: dumb question on my part. last time i checked we power a lot of money, commit a lot of money, gasolines taxes, tolls, bridges and roads, et cetera, taxes on the transportation department, for things like roads and brian -- and bridges and highways. i'd like to know where that money has gone before i commit more money. what say you? >> that's always one of the issues. in fact michigan is donor state which is tough to figure out why. we're still a donor state to the government with respect to the gas tax. we road like to bet -- get our dollar back and we need to make improvements. wen
>> we need to be careful tempt federal level washington is a mess in terms of the deficit. so you have to ask tough questions. we do need to make better investments in infrastructure, and michigan's roads are one of the things we need to invest more money in, but the way i look at it, we can afford to do it and we want to do it in a smart way. so i wish the federal government would say, instead of taking money from consumers, give us choices and we'll put those investments to smart use....
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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May 16, 2013
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deficit is rapidly decreasing ahead of styx, but you wouldn't know it from fox news because benghazi! the feds want to lower the threshold for what constitution drunk driving. which means we'll have to have less spelling errors when we text from behind the wheel. is this a public safety man or a racket to raise more money. and you may have heard about the gay teacher fired for her sexual orientation. but what does the bible really say about lesbians. turns out it's the catholic homophobes who need to repent. it's
deficit is rapidly decreasing ahead of styx, but you wouldn't know it from fox news because benghazi! the feds want to lower the threshold for what constitution drunk driving. which means we'll have to have less spelling errors when we text from behind the wheel. is this a public safety man or a racket to raise more money. and you may have heard about the gay teacher fired for her sexual orientation. but what does the bible really say about lesbians. turns out it's the catholic homophobes who...
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May 14, 2013
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we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so well. this predent mig be saved. by comparison it is doing bter than it was. richard nixon was not so fortunate. >> i think you bring up a good point with looking at nixon and lousy economy. that probabl had a lot to do with the lousy economy. i don't think that scandal in washington affects our markets that much, if it did, i am sure we would not be as well off as we are, scandals in washington have been happening since washington, it is important we remember that what creates strong economies are jobs and government working with citizens to build its economy. >> what if people question that go
we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so...
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May 14, 2013
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as you've seen over the last weeks and months, to see if we can find common ground on reducing our deficit in a balanced way that will help the economy grow, help it create more jobs. you know, we are focused on these fundamental issues that the american people sent this president to this office twice now to focus on, and, you know, i understand the effort -- i mean, the understanding -- i understand the natural inclination to try to bunch some of these things together, but there really is a distinction here. i think you heard from the president that the ongoing obsession -- and i'm quoting now somebody describing the speaker of the house -- the ongoing obsession with talking points on benghazi and the attempts to politicize that constitute a side show that's driven purely by or largely by political interests and not the interests of finding out exactly what happened and who was responsible and taking the steps that we need to take to ensure that our diplomats and our facilities are secure. that's what the president's been focused on. that's what you've seen in the report from the arb, the
as you've seen over the last weeks and months, to see if we can find common ground on reducing our deficit in a balanced way that will help the economy grow, help it create more jobs. you know, we are focused on these fundamental issues that the american people sent this president to this office twice now to focus on, and, you know, i understand the effort -- i mean, the understanding -- i understand the natural inclination to try to bunch some of these things together, but there really is a...
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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May 15, 2013
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what's more, when the physical car year ends in september, the budget deficit is expected to shrink to $642 billion. 200 billion less than was expected just a few months ago. >>> the head of google is facing a major health challenge this morning. ceo larry page reveals he has a paralyzed left vocal cord and severely restricted right vocal cord. investors worried last summer when he lost his voice and missed two key meetings for the company but says he can still handle his duties even though his voice remains soft and raspy. >>> u.s. airlines cleaned occupy an baggage fee changes. the 15 largest carriers took in more than $6 billion of those fees. the most since they became common five years ago. delta took in the most but carried the most passengers. the charges are credited with helping the industry return to profitability. >>> connoisseur of coffee, bad news for you. some of the world's best coffee beans are under attack by an aggressive fungus. it is spreading through coffee fields in central america. growers could lose up to half a billion resulting in higher costs for companies. l
what's more, when the physical car year ends in september, the budget deficit is expected to shrink to $642 billion. 200 billion less than was expected just a few months ago. >>> the head of google is facing a major health challenge this morning. ceo larry page reveals he has a paralyzed left vocal cord and severely restricted right vocal cord. investors worried last summer when he lost his voice and missed two key meetings for the company but says he can still handle his duties even...
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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bruins first game to come back from a three goal deficit and they did it in spectacular fashion. toronto had a lead and with more than a minute to go there was this in regulation. >> one-timer, save rebounder. he scores! and 53 seconds to go. bertrand gets it! >> six minutes into overtime. the deal is sealed. celebrations in the streets of boston. stunned silence in toronto. bruins face the rangers in round two and boston has had a rough month. >> jenna: look at that. tell everybody how awesome the boston bruins are. >> jon: beloved producer is prosecute boston that is why you get these stories, okay? >> jenna: it was well deserved. >> jon: thanks for joining us. >> jenna: america live starts right now. >> megyn: fox news alert. what a busy afternoon we have for you. the convergence of three political controversies now strange the credibility of our very government. welcome, i'm megyn kelly. a look at the white house where jay carney is expected to brief reporters at any moment. if you didn't see friday afternoon his last briefing. you may be in for a shoshg when you see a differ
bruins first game to come back from a three goal deficit and they did it in spectacular fashion. toronto had a lead and with more than a minute to go there was this in regulation. >> one-timer, save rebounder. he scores! and 53 seconds to go. bertrand gets it! >> six minutes into overtime. the deal is sealed. celebrations in the streets of boston. stunned silence in toronto. bruins face the rangers in round two and boston has had a rough month. >> jenna: look at that. tell...
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May 14, 2013
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now we only have a deficit less than 100 the next six months. the net issuance versus refunding is a little over 100. that means we have 400 billion, 400 billion that has to be made up. so basically think about this. that's being taken out of the market, out of the bond market. 400 billion is now in your hands, my hands and other folks's hands. and there's a few choices. it either has to go in the economy, which, you know it probably will go somewhat in the economy. it has to go to the short end of the curve trade better. we have this excess. or it has to make stocks trade higher. now, the problem is you might be worried some of that might go into the economy and, you know it might stimulate with a little bit of surge. basically, afterwards, we also have to cut back because the deficits in the future will be less than this trillion dollars. so if we don't taper back we will get into this hyper drive market. it's backwards. the fed has to taper back. because if you look at the numbers, it's so tremendous, these numbers are so tremendous that you
now we only have a deficit less than 100 the next six months. the net issuance versus refunding is a little over 100. that means we have 400 billion, 400 billion that has to be made up. so basically think about this. that's being taken out of the market, out of the bond market. 400 billion is now in your hands, my hands and other folks's hands. and there's a few choices. it either has to go in the economy, which, you know it probably will go somewhat in the economy. it has to go to the short...
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May 16, 2013
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma white house. the last few reports have been upbeat. this continues the trajectory. it would have had to have been a lot more dramatic to overwhelm one of the worst weeks of the obama administration. >> also coming out of the budget report this week, if enacted the president's budget would cut more than a trillion dollars from the government's budgets. with all that's happening hasn't this budget been forgotten about disregarded by those on the hill. >> both the house and senate budget committees have pass and enboth chambers have passed their versions. t
for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma...
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May 19, 2013
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if we just stop changing the -- [indiscernible] we need to take care of long- term deficit. -- oesn't seem i still do not understand why that happened. this is not happening. [indiscernible] do you want to jump in? i guess i would just say comes backnghazi it to we haven't seen anything after so many hearings. there's so much frustration on this issue. there have been e-mail's provided by the white house, talking points provide it. there has been so much discussion on capitol hill on this issue. if you do not live here, believe me, there has been a lot of discussion on benghazi. there has really not been anything to come out of it except that it was a tragic situation. there have been more calls to focus on embassies' security. beyond that, i do not see what else there is to hold on to this issue. from here is an article the "new york post" talking about how last week's events may impact the 2014 races. your thoughts on how long we will be seeing these issues? guest: i think we will be seeing these issues for a while. this is obama's second term, and here we are right at the start of
if we just stop changing the -- [indiscernible] we need to take care of long- term deficit. -- oesn't seem i still do not understand why that happened. this is not happening. [indiscernible] do you want to jump in? i guess i would just say comes backnghazi it to we haven't seen anything after so many hearings. there's so much frustration on this issue. there have been e-mail's provided by the white house, talking points provide it. there has been so much discussion on capitol hill on this...
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May 15, 2013
05/13
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as an example, the congressional budget office announced today that this year's budget deficit will be $200 billion less than predicted in february, and half what it was the president's first year in office. that means he's effectively delivered on his promise to cut the deficit in half as a percentage of the economy, and yet no one is listening. you've got to believe the president's got to deal with this. so benghazi document dump today. action on the irs. we'll see what happens on the justice department subpoena of ap phone records. at this point the white house is defending that much more strongly it is the actions taken by the irs. bret? >> bret: okay. wendall, thank you. probably under a minute to the president, and likely treasury secretary jack lew. back with the panel, judge napolitano, we welcome a.b. studdard, associate editor of the hill, and charles krauthammer with us through the statement. quickly, a.b., before the president gets here, the siege mentality that may be overtaking, as wendall describes it, at white house. >> yeah. i think even the president's supporters were
as an example, the congressional budget office announced today that this year's budget deficit will be $200 billion less than predicted in february, and half what it was the president's first year in office. that means he's effectively delivered on his promise to cut the deficit in half as a percentage of the economy, and yet no one is listening. you've got to believe the president's got to deal with this. so benghazi document dump today. action on the irs. we'll see what happens on the justice...
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May 20, 2013
05/13
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page 814 by the way, we just reduced the deficit by $200,000,000,000 from the projections a couple of months ago. do you hear the republicans talking about the economy? no. do you hear them talk about how the president's plans have been working? do you hear them talking about the optimism out there now? do you hear them talk about the stockmarket that copts to go up and tripled almost since the low level? no. this is all they are talking about, ruined this economy. it's like a four letter word to them. come on. >> i understand that. i don't want understand why we are not talking about the economy and why the president doesn't say, you know, you want another conference and talk about a budget? forget that. we are doing this without any help from you. let's talk about how we are going to put americans back to work. we should do events around the country on this and should talk about specific piece of legislation. he still has out there to solve it. >> that'sness what they care about. they care about their job. am they are their incomes have been stagnant. middle americans. they want a p
page 814 by the way, we just reduced the deficit by $200,000,000,000 from the projections a couple of months ago. do you hear the republicans talking about the economy? no. do you hear them talk about how the president's plans have been working? do you hear them talking about the optimism out there now? do you hear them talk about the stockmarket that copts to go up and tripled almost since the low level? no. this is all they are talking about, ruined this economy. it's like a four letter word...
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May 16, 2013
05/13
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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May 19, 2013
05/13
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can
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May 14, 2013
05/13
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when fox realize we need some special events short runs the for america's attention deficit disorder population and we could never fit 24 into a single two hour movie, let's make it into the 12 episodes special run. almost nothing to lose. you can afford to kill off favorite characters or do all kinds of things. i am a real fan of that show. 24 was the first to encourage binge viewing. instead of appointment television every week, to buy the entire package and watch it in an entire weekend and homeland is very much a binge viewing show as well. dagen: i watched the first season on itunes and bought the whole thing. i watched it on pay-per-view. dennis: never saw homeland on showtime, watch it on demand, episode after a visit in these large blocks. that is something we can do more to mind and their increasingly willing to let their shows run anywhere all the time. that helps with this hole -- dagen: who do plus you can get it. >> live on any laptop or ipad. dennis: much more coming. connell: dennis is a big "imus in the morning" fan. the imus radiothon for the imus radio kids for canc
when fox realize we need some special events short runs the for america's attention deficit disorder population and we could never fit 24 into a single two hour movie, let's make it into the 12 episodes special run. almost nothing to lose. you can afford to kill off favorite characters or do all kinds of things. i am a real fan of that show. 24 was the first to encourage binge viewing. instead of appointment television every week, to buy the entire package and watch it in an entire weekend and...
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May 15, 2013
05/13
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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May 19, 2013
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away.
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away.
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outreach that obama had been doing, having dinner with republicans trying to get a big deal on the deficit. do these three issues, benghazi, the irs and the ap scandal make it so there will be no discussion in the coming months. >> governor rendell. i want to play this rnc video. its vitaled demand transappears. >> to hold it accountable. there's many secrecy in the city. i will also hold myself as president to a new standard. >> society rnc at least believes they have some legs here. are they overplaying their hand already. you even have conservative charles hummer saying let the facts speak for them. don't overplay, but the ads are out. >> that's the problem in washington today. everyone wants to use these for political purposes. look, there are legitimate things we've got to cure. in the irs scandal, obviously what happened is bad. the people that did it should be held responsible and i think fired. but we should take a look at what is a social welfare group that is tax exempt. clearly, bill burton's group on our side wasn't a coin and never shouldn't have been declared tax exempt. neit
outreach that obama had been doing, having dinner with republicans trying to get a big deal on the deficit. do these three issues, benghazi, the irs and the ap scandal make it so there will be no discussion in the coming months. >> governor rendell. i want to play this rnc video. its vitaled demand transappears. >> to hold it accountable. there's many secrecy in the city. i will also hold myself as president to a new standard. >> society rnc at least believes they have some...
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May 20, 2013
05/13
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four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes and last night covering these and now it doesn't matter how many times you see this. it's just absolutely gives you the shivers and to sit here right now. first responders from all over flooding in here. yelling at each other. shep then excuse me for just a moment. live witness from k next thing you know coming across. bricks hear if coming in. it was trying to stuck the storm seller out of the ground unlastled latch the door. caved the door. in once if ended he we of course got out. i car is gone. i can't find it inspects nowhere to be found and there is an sin angel of brandon brought me home. when i g
four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes...
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May 15, 2013
05/13
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stories come out that the deficit is going down faster than expected which is a good thing. it is good to see wall street reacted to that. but for the press this is a feeding frenzy right now because the communications staff of the white house is not doing a good job of explaining, dividing it up and setting it aside. >> benghazi they should be able to do it. >> the irs thing is another issue something with the processfor sectional government gone wrong the obama administration does not want to see this. coming up is the implementation of obama care. if there is the idea of a bureaucracy gone wrong or doing it on thing that does not go well for our people are thinking about obama-care. >> the more attention you get to something the worst. so maybe i did is we are not going to keep bringing this up and addressing it. but because it lends validity to it. >> on this one i think they try to distance themselves that is not working that will not work on this one. >> the irs goes to a fundamental belief the idea that government should not intrude. they have to fight back. 501 c-4 i
stories come out that the deficit is going down faster than expected which is a good thing. it is good to see wall street reacted to that. but for the press this is a feeding frenzy right now because the communications staff of the white house is not doing a good job of explaining, dividing it up and setting it aside. >> benghazi they should be able to do it. >> the irs thing is another issue something with the processfor sectional government gone wrong the obama administration does...
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May 15, 2013
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the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
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May 15, 2013
05/13
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. >>> "usa today" says the deficit is shrinking. a $240 billion deficit is predicted for this fiscal year down $200 million from an estimate in february. it is the smallest number since 2008. we've been running trillion dollar deficits for years. this is interesting. >>> the chicago tribune says the nation's airlines collected nearly $3.5 billion in baggage fees last year. they also made more than $2.5 billion from changes in reservations. the industry made a profit solely because of the fees. >>> "the wall street journal" says cardinal sean o'malley will skip this year's graduation ceremony in boston college. he traditionally delivers the blessing. but o'malley will not attend because he objects to another speaker. the prime minister of ireland. he supports legislation in ireland that would permit abort the mother. >>> and the los angeles times says hip hop star dr. dray and music mogel adine will announce today they are donating $70 million to the university of southern california. the money will go toward a new academy. it will h
. >>> "usa today" says the deficit is shrinking. a $240 billion deficit is predicted for this fiscal year down $200 million from an estimate in february. it is the smallest number since 2008. we've been running trillion dollar deficits for years. this is interesting. >>> the chicago tribune says the nation's airlines collected nearly $3.5 billion in baggage fees last year. they also made more than $2.5 billion from changes in reservations. the industry made a profit...
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May 20, 2013
05/13
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with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >> tivo did well, it was a beat on eps and revenue t was a beat on projected to be a loss of 14 cents. a beat on $86.2 million which was a beat of the estimate, 61.87. tivo which is trying to stay relevant had good news coming out today "after the bell.". david: not an earnings report. this was a loss report. but very good news. liz: important to point out, you're looking revenue, 13% year-over-year increase in the technology revenue. this is a stock while down for the quarter is up about 31% year-over-year. still no word, i know, joe you will be looking for this, to see if there is any mention of upcom
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >>...
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May 14, 2013
05/13
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a growing deficit plus those unfunded pensions. where will the money come from to save this city? they need it fast. a frequent guest on this program. thank you very much for coming back to us. where is the money coming from? they will have to have money within the next few weeks. >> you may be talking to the wrong guy. i am sure plenty of people are in line for a haircut all around. i wanted to talk to about why detroit and other cities are failing. stuart: you have to have an opinion on this. >> my opinion is that detroit defined michigan. stuart: there are only two choices here. they have to have money or they just totally shut down. everything shuts down totally. there is only two choices. >> i think that the governor has to step up. i think that this city has to be committed to a long-term plan. stuart: are you prepared to see money from your city go to detroit? >> no. we cannot afford it. again, i think a lot of folks are in line for a haircut. i think it will have to be shared sacrifice. our cities are failing by design. we have many cities that are headed towards bankruptc
a growing deficit plus those unfunded pensions. where will the money come from to save this city? they need it fast. a frequent guest on this program. thank you very much for coming back to us. where is the money coming from? they will have to have money within the next few weeks. >> you may be talking to the wrong guy. i am sure plenty of people are in line for a haircut all around. i wanted to talk to about why detroit and other cities are failing. stuart: you have to have an opinion on...
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May 20, 2013
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our deficit is dropping. it is dropping to a very manageable level. again, that is a really manageable good level. connell: you are ready to argue that point. >> by 2017, the deficits will start going up again. they often say that there is no balance in this budget. the president has said again and again that spending cuts will equal out to tax hikes. the president that he will only raise taxes by 580 billion. the cbo says this budget raises them by $1.1 trillion. connell: we should pat ourselves on the back to even have the focus to have this conversation. we cannot get beyond, not only the scandal of the day, but the scandals of the day. i know we did one segment on it today, but they have been few and far between. >> there is no question. this has been a terrible week for the white house. we have really good economic news in a lot of ways. we are actually ssending less on obamacare than we originally thought. there is lots of good news and it. >> i do not think $59 billion is a big success story to talk about. when the president goes out there and
our deficit is dropping. it is dropping to a very manageable level. again, that is a really manageable good level. connell: you are ready to argue that point. >> by 2017, the deficits will start going up again. they often say that there is no balance in this budget. the president has said again and again that spending cuts will equal out to tax hikes. the president that he will only raise taxes by 580 billion. the cbo says this budget raises them by $1.1 trillion. connell: we should pat...
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May 15, 2013
05/13
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it increases the federal deficit, according to a january g.a.o. report. obamacare will add $6.2 trillion to the deficit over the next 75 years. but, mr. speaker, i want to conclude with a story that illustrates why this really matters. there's a lot of statistics about jobs and the economy and increased premiums and cost. but the real signature failure of this legislation is that it hurts patients. that it deprives the american people of the benefits of medical innovation. a hospital administrator told me in central kentucky that we used to take care of patients but we now take care of paper. medical innovation is central to america's future economic growth and to delivering new life-saving medical devices to patients. but the new medical device tax included in obamacare, which imposes a $2.3 -- 2.3% tax on medical device manufacturers, punishes medical innovation and prevents quality health care. and families around the country know this all too well. in my own family we saw this up close. christmas day, 2012, could have been one of the worst days of our
it increases the federal deficit, according to a january g.a.o. report. obamacare will add $6.2 trillion to the deficit over the next 75 years. but, mr. speaker, i want to conclude with a story that illustrates why this really matters. there's a lot of statistics about jobs and the economy and increased premiums and cost. but the real signature failure of this legislation is that it hurts patients. that it deprives the american people of the benefits of medical innovation. a hospital...
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May 13, 2013
05/13
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the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the best investment? >> there is no safe haven as i indicated. you have to spread your eggs. one the cure return sis more than many others do is the euro priest sigh list because everybody else hates it. they're mopping up liquidity where everyone else is printing money. they have a lot of pain. the reason they have pain is they're not print enough money. i'm not saying buy equities but the currency can be stronger. ultimately you have to have a basket. can't put money one egg, be it australian dollar or the looun any or whatever it may be. lori: axel merk. thanks for coming in. melissa:
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the...
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that can taper off in adulthood while the attention deficit remains behind? >> definitely. what is the big problem they see. because of poor organizational skills of children with this disorder they tend not to have regular eating habits. they may binge eat at times and other times have periods where they go for a while without food and george themselves. that can be an issue, especially if healthy choices are not available and they george themselves on fast-food or foods with high fat and high sugar content. patti ann: the other issue is the planning skills. balanced meals have to be planned. you have to buy food in advance and cook it. they're not thinking ahead that far. as a result as you mentioned, they grab whatever's available. >> exactly. it is tough for these children to focus. and, while it is important to remember the study only looked at young boys who eventually grow into men, they say that the similarities are probably going to be the same with the young women as well. when they can't focus and can't make preparations for healthy choices like you suggested, th
that can taper off in adulthood while the attention deficit remains behind? >> definitely. what is the big problem they see. because of poor organizational skills of children with this disorder they tend not to have regular eating habits. they may binge eat at times and other times have periods where they go for a while without food and george themselves. that can be an issue, especially if healthy choices are not available and they george themselves on fast-food or foods with high fat...
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. >> the deficit is going to be $642 billion for this year. >>brian: way too high. >> but a lot less than we thought it was going to be. i guess you could call that good news. that's part of the reason why the stock market keeps going up and up. but it's still way too high and it's still the fifth-largest deficit in the history of the united states. >>brian: i hope we still feel the urgency to get our budget in order. and i always feel the urgency to put you on, staoufrbtd. -- put you on stuart varney. stuart varney varney 9:20 another network. don't ever square off with me. give me that shoulder. straight ahead, victoria's secret is slamming a former angel for giving the ugly side of the industry. this morning she's here to defend herself. >> disgraced congressman anthony weiner about to put the final piece of the puzzle on the comeback. is that true? [ male announcer ] dunes, desert, or trail, only rzr delivers. now's the time to buy during the polaris xp sales event. take your pick of our new limited edition rzrs and get financing as low as
. >> the deficit is going to be $642 billion for this year. >>brian: way too high. >> but a lot less than we thought it was going to be. i guess you could call that good news. that's part of the reason why the stock market keeps going up and up. but it's still way too high and it's still the fifth-largest deficit in the history of the united states. >>brian: i hope we still feel the urgency to get our budget in order. and i always feel the urgency to put you on,...